Summary: FTX US General Counsel Ryne Miller said the crypto exchange moved its digital assets after a series of suspicious transactions on Friday evening. $600 million worth of crypto were transferred from FTX’s wallets, with no clear explanation as to why. Many customers also reported of seeing empty balances in their wallets. “FTX US and FTX ...

FTX US General Counsel Ryne Miller said the crypto exchange moved its digital assets after a series of suspicious transactions on Friday evening.

$600 million worth of crypto were transferred from FTX’s wallets, with no clear explanation as to why. Many customers also reported of seeing empty balances in their wallets.

“FTX US and FTX [dot] com initiated precautionary steps to move all digital assets to cold storage…to mitigate damage upon observing unauthorized transactions," Miller said.

Author: Katie Lin

Last Update:
Tags: ,,
Link: FTX Moves Digital Assets to Cold Wallets Following Unauthorized Transactions   [Copy]